GTR750 : Eigentlich nichts neues
Fertilizer companies like PotashCorp (NYSE: POT) and Mosaic (NYSE: MOS) have also been recently engaged in buying back their shares. These buybacks provided support for both companies' stocks when they were pressured by the fast drop in potash prices. This drop was caused by the decision of Russian potash producer Uralkali to quit its partnership with Belaruskali and proceed with the strategy of volume over price.
Recently, shares of both PotashCorp and Mosaic were on the rise, as there are certain hopes that Uralkali and Belaruskali could restart their partnership.